RF’s several companies plan listing at Singapore exchange

He explained that the Singapore exchange, despite a rather modest level of capitalisation is a platform number one for issuers, working in the mentioned spheres

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SINGAPORE, September 27 (Itar-Tass) —— Several companies from Russia are planning their listing at the Singapore Stock Exchange next year.

The plans were announced at the Russia-Singapore business forum on Tuesday, not only on the sidelines of the event, but during discussions in sections. However, no names of the companies were revealed.

Most likely they will be companies with venture project, with some interesting research or enterprises involved in oil processing and logistics, a participant in the forum, Managing Partner of the Eurasia Capital Partners Sergei Man told Itar-Tass. His company is based in Hong Kong.

He explained that the Singapore exchange, despite a rather modest level of capitalisation is a platform number one for issuers, working in the mentioned spheres.

The exchange in Singapore is a recognised leader from the listing point of view for companies, involved in transport logistics, oil processing as well as chemistry companies and fertilisers, he explained.

Man added that major Russian companies, working in the sector, have been using actively their headquarters in Singapore for their world trading.

Singapore has an agreement with Russia on avoidance of double taxation, as well as with other major economies, he added.